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Information
on Surplus Lines
When licensed insurers are unwilling or unable to provide needed coverage,
consumers can secure coverage with an approved surplus line insurer (also
called a “non-admitted” carrier) through a licensed surplus
line broker. Individuals or corporations may secure insurance coverage
directly from a non-admitted insurer.
This coverage is considered
"independently procured."
If the insurance is independently procured, the purchaser must pay
the premium tax directly to the Arkansas Insurance Department on a “Report of Independently Procured Insurance Tax”
form.
To view the Rule and Regulation regarding surplus lines coverage click here
(RULE AND REG 24)
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